A Sound F for Fail. They have spent $35m on drilling to find 785,000 ounces of JORC at an average grade of 1.17g/t gold.
Discovery cost is $45/oz. Miserable grades. Can't be commercial even at these gold prices.
A re-invigorated board? Looks like the same suspects behind this now, as prior.
Imagine what a small company could do with $35m of cash?
Ann: Investor Presentation August 2017, page-2
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Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $153.2M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 43.5¢ | $39.33K | 88.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2403 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 5220 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| AUC (ASX) Chart |
